India Plans to Impose Retaliatory Tariffs on US Cars, Trade Tensions Escalate

Press Trust of India: India Plans to Impose Retaliatory Tariffs on US Cars

Press Trust of India reported on July 5 that the Indian government officially submitted a notice to the World Trade Organization (WTO) Council for Trade in Goods on July 4, proposing to impose retaliatory tariffs on the United States to counter the US import tariffs on Indian automotive parts. India stated that this move is a safeguard measure taken in accordance with WTO regulations.

The notice clearly states that the proposed retaliatory measures will "take the form of increasing tariffs on selected products originating from the United States," mainly targeting automotive products. Analysts point out that this move marks an escalation of trade tensions between the two countries in the automotive sector and may lead to further disputes under the WTO framework.

Original: https://www.toutiao.com/article/1836846284898315/

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